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WorksheetsBICR Final Exam
Total questions: 93
Worksheet time: 47mins
Name
Class
Date
1.
People pay insurance for cars that they lease or own.
a)
true
b)
false
2.
Dealers set mileage limits on leased vehicles.
a)
false
b)
true
3.
Everyone pays some form of tax.
a)
true
b)
false
4.
It is better to use a credit card to pay your bills.
a)
true
b)
false
5.
The amount of federal taxes you pay is affected by ______.
a)
the amount of groceries you purchase
b)
how nice you are to the tax adjuster
c)
how long it takes you to drive your work
d)
your income
6.
Diversification spreads your money's risk over a wide range of investments.
a)
false
b)
true
7.
What is the most useful piece of information that an identity thief can steal from you?
a)
your money
b)
your license plate
c)
your social security
d)
your iphone
8.
How are IRAs, 401(k), and 403(b) similar?
a)
all are savings accounts
b)
all are checking accounts
c)
all are retirement plans
d)
none of these
9.
The period you have before you have to begin repaying your student loans is known as the ____.
a)
down payment
b)
grace period
c)
mortgage
d)
loan
10.
Paying someone for the use of something.
a)
renting
b)
buying
11.
This happens to the value of a home as time increases.
a)
depreciates
b)
appreciates
12.
This happens to the value of a car as time increases.
a)
appreciates
b)
depreciates
13.
If you plan on moving after a year, your best option would probably be to ____________.
a)
rent a home/apartment
b)
buy a home
c)
live in your car
d)
buy a car
14.
Something that you own and it decreases in value over time is known as a(n) _______ asset
a)
appreciating
b)
depreciating
15.
All homeowner’s insurance policies have the same coverage.
a)
false
b)
true
16.
Purchasing an item that you bought and you now own it.
a)
buying
b)
renting
17.
Something that you own and it increases in value over time is known as a(n) _______asset.
a)
appreciating
b)
depreciating
18.
An upfront payment made when an item is bought on credit is called a ______.
a)
down payment
b)
loan
c)
mortgage
d)
stock
19.
The type of loan used to finance the purchase of real estate.
a)
down payment
b)
loan
c)
mortgage
d)
stock
20.
Approval for bank loans is affected by your credit score.
a)
false
b)
true
21.
There is such a thing as good debt.
a)
true
b)
false
22.
Even non-profit credit counseling companies aren't guaranteed to help you get out of debt.
a)
true
b)
false
23.
Pay your bills and paying them on time are ways you, , ,
a)
spend your money
b)
save money
c)
paying your loans
d)
avoid credit card debt
24.
The law requires people/businesses to reveal terms and costs attached to the credit they extend.
a)
true
b)
false
25.
The first step you must take in order to save money, , ,
a)
pay your bills first
b)
pay yourself first
c)
loan money to others
d)
give money to your parents
26.
This type of card is connected to your bank account.
a)
debit card
b)
credit card
c)
insurance card
d)
ID card
27.
Your paycheck goes into this type of an account so that it allows you easy access to your money
a)
money market
b)
CD
c)
stock
d)
checking
28.
A(n) ___ encompasses all of your life’s work
a)
career
b)
job
c)
occupation
d)
vocation
29.
Something you feel very strongly about, something for which you have boundless enthusiasm
a)
personality traits
b)
passion
c)
values
d)
vocation
30.
Qualities or things that are most important in your life.
a)
personality traits
b)
passion
c)
values
d)
vocation
31.
Adjectives used to describe you.
a)
personality traits
b)
passion
c)
values
d)
vocation
32.
Strong points in your personality.
a)
passion
b)
dedication
c)
values
d)
strengths
33.
Different parts you play in your life.
a)
skills
b)
vocation
c)
roles
d)
occupation
34.
A fee charged by your bank and the other bank for using the ATM of another bank.
a)
loan
b)
mortgage
c)
bank fee charge
d)
down payment
35.
How long will it take to double your money with 9% interest rate, compounded annually?
a)
8 years
b)
9 years
c)
18 years
d)
19 years
36.
How long will it take to double your money with 4% interest rate, compounded annually?
a)
8 years
b)
9 years
c)
18 years
d)
19 years
37.
A method for estimating how long it will take compound interest to cause a principle to double.
a)
rule of thumb
b)
rule of 72
c)
just go with it rule
d)
none of these
38.
A supporting area of study a post-secondary student chooses.
a)
major
b)
minor
c)
bachelor's degree
d)
associate's degree
39.
An unpaid, part-time, on-the-job learning experience that reinforces classroom instruction.
a)
vocation
b)
occupation
c)
internship
d)
job shadowing
40.
An area where a post-secondary student receives a degree. It’s the primary focus of study.
a)
associate degree
b)
bachelor's degree
c)
minor
d)
major
41.
These assess a high school student's general education development & ability to do college work
a)
ACT & GED
b)
GED & ASVAB
c)
SAT & GED
d)
SAT & ACT
42.
The point received for the grade earned. Points are totaled and average. This is called ____.
a)
Grade Percentage Average
b)
Grade Point Average
c)
Gross National Product
d)
none of these
43.
This is the GPA for a “B” average
a)
1.0
b)
2.0
c)
3.0
d)
4.0
44.
Someone who gossips when necessary is characteristic trait that is found in a good employee.
a)
True. Sometimes people do need to know what is happening.
b)
False. It is never good to gossip in the work place.
45.
This certifies that you have obtained high-school-equivalent skills, such as writing, social studies, and math.
a)
ASVAB
b)
ACT
c)
SAT
d)
GED
46.
Being rigid is a great trait to have when you belong to a part of the team.
a)
False. Sometimes you need to compromise to work well with others.
b)
True. You need to stick to your beliefs no matter what.
47.
Another term used to describe owning your own business.
a)
entrepreneur
b)
self-made millionaire
c)
business owner
d)
go getter
48.
Mrs. Cilliani uses the school's vehicle to run errands when she can only use it for the school. Is it ethical or unethical?
a)
Ethical. She is only running a few errands.
b)
Unethical. The school vehicle is for school use only.
49.
The owner gives permission for his employees to take leftover meals home. Sam wants to make more meals so that he can feed the rest of his family. Is this unethical or ethical?
a)
Unethical. You're only allowed to take home leftovers.
b)
Ethical. It won't take too long to make extra meals.
50.
John asks permission from his boss to use the copier make copies of his tax forms.Is this unethical or ethical?
a)
Unethical. John cannot make personal copies using the work's copy machine.
b)
Ethical. John asked for permission.
51.
College is NOT a career. You need to have a definite career goal.
a)
false
b)
true
52.
For each year of education you add, you increase your lifetime earnings an average of 10%.
a)
true
b)
false
53.
A professional attire to wear to an interview would include flip flops, shorts, and tank top.
a)
false
b)
true
54.
What type of reward is offered to a person that has a career that helps others but does not have a large paycheck?
a)
external
b)
extrinsic
c)
internal
d)
intrinsic
55.
What type of reward is offered to a person that has a career that provides you with money and status?
a)
external
b)
extrinsic
c)
internal
d)
intrinsic
56.
An informal assessment where you spend several hours following a worker at the job location is called ___.
a)
I've got nothing better to do with my life
b)
job shadowing
c)
let's see if they know I am here
d)
being a stalker
57.
Money you do not need to repay, but you must meet standards and qualification set by the provider is called
a)
a grant
b)
a loan
c)
a scholarship
d)
borrowing money from your parents
58.
Money you do not have to repay and is based on a need and /or academic achievement is called
a)
a grant
b)
a loan
c)
a scholarship
d)
borrowing money from your parents
59.
This form must be completed by you and your family to apply for need-based financial aid.
a)
ASVAB
b)
FAFSA
c)
GED
d)
ACT
60.
This is issued by a college or university to a person who has completed undergraduate studies.
a)
GED
b)
post high school degree
c)
associate degree
d)
bachelor's degree
61.
This test is a verbal, math, and technical test that aligns an individual abilities with a job.
a)
ASVAB
b)
GED
c)
ACT
d)
high school exit exam
62.
Recreational activities and hobbies.
a)
skills
b)
occupation
c)
aptitude
d)
vocation
63.
Work you do for pay.
a)
role
b)
occupation
c)
vocation
d)
internship
64.
Which of these belong to the Transportation, Distribution, & Logistics career cluster?
a)
air traffic controller
b)
landscaper
c)
military officer
d)
construction worker
65.
Which of these belong to the Information Technology career cluster?
a)
engineer
b)
chemist
c)
software developer
d)
scientist
66.
Which of these belong to the Arts, Audio/Video Technology, & Communication career cluster?
a)
scientist
b)
software developer
c)
engineer
d)
actor
67.
Which of these belong to Architecture & Construction career cluster?
a)
plastic surgeon
b)
architect
c)
military officer
d)
orthopedic surgeon
68.
Which of these belongs to the Manufacturing career cluster?
a)
public officer
b)
police officer
c)
construction worker
d)
factory worker
69.
An engineer belongs to this career cluster.
a)
Information Technology
b)
Engineering
c)
Science, Technology, Engineering, Math
d)
Science
70.
A nurse belongs to this career cluster.
a)
Human Services
b)
Health Services
c)
Counseling Services
d)
No Services
71.
The lowest hourly wage an employer can pay is called
a)
being a teacher
b)
can barely provide for my family wage
c)
minimum wage
d)
indentured servant
72.
These assess a student's general education development and ability to complete college work.
a)
LSAT & MCAT
b)
ASVAB & SAT
c)
GED & ACT
d)
ACT & SAT
73.
Planning how you will spend the money you make or receive is called
a)
being frugal
b)
a budget
c)
watching my two cents
d)
saving money
74.
The summary of your qualifications and experience of a particular job is called
a)
an objective
b)
a cover letter
c)
a resume
d)
creating a list of jobs
75.
The top ten fastest growing careers have not change in 20 years.
a)
false
b)
true
76.
Everyone, regardless where they go after high school, needs the same basic academic skills
a)
true
b)
false
77.
If you get an associate’s degree, then you must get a bachelor’s degree.
a)
false
b)
true
78.
Most high-tech fields, such as electronic design, require at least a bachelor’s degree.
a)
True. Most high-tech fields need a bachelor's degree.
b)
False. Most high-tech fields need some sort of certification.
79.
The number one reason people are fired from jobs is that they are lazy.
a)
true
b)
false
80.
Anyone can do any job as long as he or she decides to do it.
a)
false
b)
true
81.
The average person in the U.S. spends more time doing work activities than any other activity.
a)
true
b)
false
82.
Most careers in the future will require more than a high school education.
a)
false
b)
true
83.
Just wait – the right job opportunity will come your way.
a)
true
b)
false
84.
The majority of people spend their adult lives in the same career.
a)
false
b)
true
85.
There are _____ career fields
a)
6
b)
12
c)
16
d)
32
86.
There are _____ career clusters
a)
6
b)
12
c)
16
d)
32
87.
A military recruiter belongs to which Career Cluster?
a)
Public Safety
b)
Government & Public Administration
c)
Law
d)
Human Services
88.
A learned ability or talent
a)
vocation
b)
talent
c)
aptitude
d)
skill
89.
A natural ability or talent
a)
vocation
b)
talent
c)
aptitude
d)
skill
90.
Farming and Ranching belong to which career cluster?
a)
Agriculture, Food & Natural Resources
b)
Business Management & Administration
c)
Education & Training
d)
Human Services
91.
Principals, teacher and administrative office professional belong to which Career Cluster?
a)
Counseling Services
b)
Business Management & Administration
c)
Education & Training
d)
Human Services
92.
Which occupation has to do with Law, Public Safety & Security?
a)
accountant
b)
military recruiter
c)
public officer
d)
designer
93.
Which of these is NOT a part of Human Services?.
a)
Family & community services
b)
Counseling & mental health services
c)
Education & training
d)
Early childhood development services
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